Fruit Cove, Florida Income Statistics
Fruit Cove Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A
Fruit Cove Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fruit Cove | Florida Avg | US Average |
|---|---|---|---|
| Median Household Income | $145,630 | $74,580 | $80,455 |
| Median Personal Income | $90,259 | $52,322 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.4% | 4.8% |
| Six-Figure Earners | 24.3% | 11.6% | 13.9% |
| $200k+ Households | 26.6% | 11.0% | 13.2% |
The median household income in Fruit Cove is about 95% higher than in Florida. Income has been growing faster in Fruit Cove (5.6%/yr) than in Florida (5.4%/yr).
About 24% of adults in Fruit Cove earn six figures ($100,000 or more) a year, higher than the Florida average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Fruit Cove, Florida grew by 45.0% from 2009 to 2024, reaching $145,630 in 2024. That's an average of about 5.6% per year.
Fruit Cove has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2016, its income was 71% higher. The gap has narrowed from 96% in 2009 to 81% in 2024.
Income Distribution in Fruit Cove
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 7,335 households (66.5% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 5.7% of households in Fruit Cove had an income under $35,000 and 48.4% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Fruit Cove has a larger share of households earning $200,000 or more (26.6% vs 13.2%) and a smaller share earning $15,000 to $24,999 (0.7% vs 6.4%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 293 | 2.7% | 5.1% |
| $10,000 to $14,999 | 84 | 0.8% | 3.5% |
| $15,000 to $24,999 | 80 | 0.7% | 6.4% |
| $25,000 to $34,999 | 170 | 1.5% | 6.7% |
| $35,000 to $49,999 | 774 | 7.0% | 10.1% |
| $50,000 to $74,999 | 1,100 | 10.0% | 15.5% |
| $75,000 to $99,999 | 1,200 | 10.9% | 12.6% |
| $100,000 to $149,999 | 1,992 | 18.0% | 17.4% |
| $150,000 to $199,999 | 2,413 | 21.9% | 9.5% |
| $200,000 or more | 2,931 | 26.6% | 13.2% |
Shares are of all 11,037 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 6,575 residents (24.3% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 29.3% of residents who have any income.
In 2024, 17.1% of Fruit Cove residents aged 15 and over reported no personal income, 20.2% had some income but less than $25,000, and 34.1% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Fruit Cove has a larger share of residents earning $100,000 or more (24.3% vs 13.9%) and a smaller share earning $15,000 to $24,999 (6.5% vs 10.5%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 4,630 | 17.1% | 12.8% |
| $1 to $9,999 | 2,537 | 9.4% | 11.2% |
| $10,000 to $14,999 | 1,161 | 4.3% | 7.0% |
| $15,000 to $24,999 | 1,767 | 6.5% | 10.5% |
| $25,000 to $34,999 | 1,554 | 5.7% | 9.5% |
| $35,000 to $49,999 | 2,599 | 9.6% | 12.6% |
| $50,000 to $74,999 | 3,563 | 13.2% | 14.3% |
| $75,000 to $99,999 | 2,656 | 9.8% | 8.2% |
| $100,000 or more | 6,575 | 24.3% | 13.9% |
Shares are of the 27,042 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 17.1% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Fruit Cove
| Metric | Fruit Cove | Florida Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.551 | 0.552 |
| Male Median Income | $105,962 | $60,595 | $69,667 |
| Female Median Income | $77,057 | $50,762 | $56,850 |
| Gender Pay Gap | 27.3% | 16.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Fruit Cove, it is 0.548, about the same as Florida's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 38% more than women's income in Fruit Cove, Florida. Over a 35-year career, a 38% wage gap accumulates to roughly $1,011,675 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fruit Cove, Florida has narrowed from about 33% to 27% in 2024. Over that period the gap was widest at 43% in 2019. In dollar terms, the gap has widened by $3,828 since 2009.
Employment
| Metric | Fruit Cove | Florida Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 4.8% | 5.2% |
| Working from Home | 29.3% | 15.7% | 15.0% |
| Commute time (minutes) | 30 | 23 | 22 |
Approximately 485 people are unemployed in Fruit Cove, Florida.
The average commute time in Fruit Cove is 30 minutes, longer than the 23 minutes in Florida.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fruit Cove, Florida has fallen from 4.7% to 2.8% in 2024. Over that period the rate peaked at 7.6% in 2015 and fell as low as 2.4% in 2023.
Fruit Cove has been below the U.S. unemployment rate in most years since 2011, but briefly rose above it in 2018 (0.2 points higher). In 2024 its rate was 2.4 points lower.
Fruit Cove, FL Wealth Compared With Nearby Cities
How Fruit Cove, FL compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Fruit Cove, FL | 34,447 | $145,630 #1/3 | 5.6%/yr #1/3 | 2.8% #2/3 | 0.548 #3/3 |
| Fleming Island, FL | 29,665 | $118,854 | 4.2%/yr | 2.8% | 0.534 |
| Lakeside, FL | 29,908 | $80,702 | 4.6%/yr | 6.7% | 0.524 |
Conclusion
Considering all these factors, Fruit Cove, Florida has an overall wealth index grade of A, making it far better than Florida, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fruit Cove, Florida.
How Rich Is Fruit Cove, Florida?
Fruit Cove has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $145,630, about 95% higher than the Florida average of $74,580.
How fast is household income rising in Fruit Cove, Florida?
Between 2009 and 2024, the median household income in Fruit Cove, Florida rose 45%, from $100,417 to $145,630. Over the same years, income here lagged behind Florida as a whole: +45% against +57%.
What was the median household income in Fruit Cove in 2023?
In 2023, the median household income in Fruit Cove, Florida was $142,873, up 2% from $140,088 in 2022. The Florida median that year was $71,864.
What was the median household income in Fruit Cove in 2020?
In 2020, the median household income in Fruit Cove, Florida was $115,496. By 2024 it had risen 26% to $145,630.
Is Fruit Cove, Florida a high-income area?
Yes. 24% of adults in Fruit Cove, Florida earn $100,000 or more a year (about 1 in 4), against 12% (about 1 in 9) in Florida. 27% of households have a combined income of $200,000 or more, compared with 11% in Florida.
Is it hard to find a job in Fruit Cove, Florida?
Unemployment in Fruit Cove, Florida is only 2.8%, well below the Florida rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Fruit Cove, Florida?
The Gini coefficient in Fruit Cove is 0.548. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Fruit Cove, Florida?
Since 2009, the income gap between men and women in Fruit Cove, Florida has narrowed from about 33% to 27% in 2024. Over that period the gap was widest at 43% in 2019. In dollar terms, the gap has widened by $3,828 since 2009.
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